Latitude Financial chief executive Ahmed Fahour has set his sights on disrupting the big four bank’s dominant position in consumer finance.
Ahmed Fahour-led group has gained a $3 billion valuation ahead of another attempt at a public float with Japan’s Shinsei Bank agreeing to acquire a 10 per cent stake for $300 million.
Latitude Financial Group has changed its corporate structure,in another sign that Australia’s biggest non-bank lender maybe mulling another landing on the ASX.
Australia Post boss Christine Holgate defended the purchase saying the employees were being rewarded for brokering a deal with Australian banks.
The no-show has led the federal opposition to label the current board"a swamp of former Liberal politicians and party hacks".
Latitude Financial is exploring expansion into China,as it looks to accelerate growth by targeting the region's fast-growing middle class.
Australia Post's top executives could still share in millions of dollars in bonuses this year despite offering to forgo their right to the special payments.
The nation's highest-paid civil servant has been lashed by a bipartisan parliamentary committee for attempting to avoid scrutiny over the future of Australia Post's service delivery.
Not all members of the buy now,pay later tribe have been created equal - which becomes apparent when they seek to tap investors.
Ahmed Fahour's consumer finance business may have failed to land on the ASX last year but the company has managed to hit its prospectus forecasts.
The western Sydney suburb of Auburn,a short walk from the old Olympic stadium,is where dinosaurs go to dance.